Tata Comm gains after announcing pact with Hitachi Sunway

Tata Communications rose 1.86% to Rs 631.20 at 11:44 IST on BSE after the company announced partnership with Hitachi Sunway, a leading one-stop IT services and solutions provider in ASEAN.

The announcement was made during market hours today, 15 December 2016.

Meanwhile, the S&P BSE Senses was down 42.51 points or 0.16% at 26,560.33.

On the BSE, 47,000 shares were traded on the counter as against the average daily volumes of 41,000 shares in the past two weeks. The stock had hit a high of Rs 632.20 and a low of Rs 618 so far during the day.

Hitachi Sunway Information Systems Sdn. Bhd (Hitachi Sunway), a leading one-stop IT services and solutions provider in ASEAN, announced a partnership with Tata Communications. With this partnership, Hitachi Sunway will now be able to provide its more than 1,000 enterprise customers in ASEAN access to Tata Communications' robust portfolio of managed network services, managed security services and unified communications & collaboration (UCC) offerings.

Sumeet Walia, Head, Global Enterprise Business, Tata Communications said that in the past year, Tata Communications has continued to invest in a broad range of service expansions, introducing new advanced managed services built on its strong network presence in the emerging and developed markets. The company's strategic partnerships are a key component of this strategy as it delivers dedicated platforms that enable business transformation for enterprises across the globe. Hitachi Sunway's regional presence and credibility were the reason the company picked them as its partner here in ASEAN. Tata Communications is pleased to be working with them to expand its footprint in the region, Walia said.

Tata Communications owns and operates the world's largest and most advanced subsea fibre cable network. Today over 24% of the world's Internet routes travel over Tata Communications' network, and the company is the only Tier-1 provider that is in the top five by routes in five continents.

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